Prime Finance Margin Markets Support Specialist

Bank of America • Chicago, IL

8d • $75,000 - $125,200 • Onsite

About The Position

This job is responsible for providing advanced end-to-end operational support for securities, loans, exchange traded derivatives and over the counter derivatives across multiple lines of business, and cross-business functional support through the lifecycle of a trade. Key responsibilities include ensuring trading and operational activities are completed accurately and before deadlines, researching and resolving complex issues, and simplifying client interactions. Job expectations include being customer oriented and data driven, while focusing on continuous improvement. This is a role within the Prime Finance Margin team within Global Collateral Operations (GCO) in the US. The key daily responsibilities include but are not limited to, performing daily controls to ensure the integrity of the margin calculation and timely report distribution, issuing margin calls to clients, confirming client responses to margin calls are received and approving client payments and asset transfers. The role covers International Prime Brokerage, US Regulatory Prime Brokerage and the margining of inter-affiliate relationships covering several different businesses and clients.

Requirements

• BS/BA degree (US) or equivalent work experience.
• At least 5 years work experience, preferably with experience working in markets operations.
• Understanding of financial markets and the concepts around margining and collateral.
• Understanding of US regulatory margin rules.
• Ability to work in a team environment.
• Excellent verbal and written communication skills with ability to communicate with various stakeholders.
• Excellent time management and prioritization skills
• Ability and willingness to continuously learn on the job
• Intellectually curious and willing to challenge the status quo
• Attention to Detail
• Written Communications
• Data Collection and Entry
• Oral Communications
• Record Keeping
• Recording/Organizing Information
• Strategic Thinking
• Active Listening
• Decision Making
• Negotiation

Nice To Haves

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

Responsibilities

• Provides operational support for one or more activities within the lifecycle of a trade, including trade processing, trade settlement, accounting and reconciliation, lifecycle events, and collateral management
• Provides simplified client interactions and deepens client relationships across Global Banking and Markets' clients
• Completes accurate, timely clearing and settlement of trades with internal and external counterparties including reconciliation management and governance of trade fails and breaks
• Performs tasks accurately during high volume periods in a team environment
• Improves and simplifies the client experience, reducing manual touchpoints
• Supports the implementation of new processes to improve the overall business operating model
• Identifies and flags potential risks in a timely manner

Benefits

• This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
• This role is currently benefits eligible.
• We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees